Treasurer’s Report February 23, 2011

Section 305 Next Generation Equipment Committee Approved Grant Revision April 1, 2011 to March 31, 2012 In thousands of dollars ($000) Executive Committee Technical Subcommittee Finance Subcommittee Admin Task Force AASHTO Support TOTALS Category Meetings (travel) $ 103 Meetings (facility, materials) 22 $ 22 Labor $ 396 -Amtrak 300 -AASHTO 96 Prof. Services $ 481 -Consultants Legal/Corp 50 -Financial 50 Contingency $ 303 Audit 50 $ 50 Conference Call/webinar 15 2 $ 17 Web Site 2 $ 2 TOTALS$ 293$ 500 $ 100$ 114$ 368 $ 1,375

Section 305 Next Generation Equipment Committee Estimated Expenses April 1, 2011 to March 31, 2012 In thousands of dollars ($000) Executive Committee Technical Subcommittee Finance Subcommittee Admin Task Force AASHTO Support*** TOTALS Category Meetings (travel) 4 18 $ 22 Meetings (facilities, materials) 27 $ 27 Labor $ 164 -Amtrak 109 -AASHTO 55 Prof. Services $ 183 -Consultants Legal/Corp 0 -Financial 0 Contingency 0 0 $ 0 Audit 0 $ 0 Conference Call/webinar 00 $ 0 Web Site 0 $ 0 TOTALS $ 0$ 214 $ 0$ 4 $ 178*** $ 396 ***AASHTO Support Expenses for April 1, 2011 to September 30, 2011 only

NGEC has met budget requirements NGEC expenditures are at or below budget Thousands of hours of time and effort have been donated by the FRA, States, Amtrak and the Industry—limiting direct expenses Unspent Funding will be carried over and reprogrammed in future budget(s)

Budget Development Implementation of Joint Procurement Task Force and Structure and Finance Task Force will provide major new work components Scope of Work and Budgets currently under deliberation FRA provided an additional $2 million of funding

NGEC Reimbursable Expenses Reminder Federal Travel Guidelines must be followed for travel expenses to be eligible for reimbursement All requests for reimbursement must be documented with receipts